Obama announces "administrative fix" for Obamacare

President Barack Obama bowed to pressure from congressional Democrats worried about the impact that insurance cancellations could have in the 2014 mid-term election by announcing an “administrative fix” to the law.
“Already people who have plans that pre-date the Affordable Care Act can keep those plans if they haven’t changed. That was already in the law. That’s what’s called a grandfather clause that was included in the law,” President Obama told reporters at the White House.